Key Takeaways
Changpeng “CZ” Zhao steps down as Binance CEO after pleading guilty to violating Anti-Money Laundering laws, with a bail set at $175 million.
CZ’s farewell message to the Binance team, referencing Star Trek, underscores his confidence in the company’s future and staff.
Richard Teng, the new CEO, is poised to lead Binance through its next growth phase following a $4.3 billion settlement with US authorities.